Friday, December 1, 2023

Share India Securities Announces Stellar Q4FY23 Result, Operating Profit jumps 40% YoY

Share India Securities Ltd. (BSE: 540725, NSE: SHAREINDIA),one of India’s leading tech based financial service provider, has announced earnings for Quarter and year ended 31 March 2023.

Q4FY23 vs Q4FY22 vs Q3FY23 Performance
• Revenue up 16 % at Rs 340 cr Vs Rs 293 cr (YoY), up 23 %QoQ at 276 cr.
• Operating Profit up 40 % at Rs 157 cr Vs Rs 112 cr (YoY), up 9.7 % QoQ at 143 cr.
• Profit before tax up 38% at Rs 138 cr Vs Rs 100 cr (YoY), up 11% QoQ at 124 cr
• Net profit up 40% at Rs 107 cr Vs Rs 76 cr (YoY), up 15% QoQ at 93 cr.

The company further added in its earnings conference call, “The company’s Revenue Bifurcation came in at: 20% Client Basis, 10% NBFC, 2-3% — Technology/Insurance/Mutual
Fund, 57-58% can be attributed to Proprietary Business.Proprietary Business has been a Sustainable Business, growing for the past 5 years and is expected to grow in the future,
constantly making new algo for this.”

Further, the company announced that the proper Launch for U trade Algo will start from June. Company is Targeting 2 Lakh clients in next 2 years. The company’s Current Client Strength is 28000.More Focus on Algo Trading which will give fixed monthly brokerage, with a Growth Target of 25-30% in the Next 5 years.

On the NBFC Business front, 25 more Branches are set to open next year, and the company is Targeting 1 Lacs Active Client and 200 Crore AUM. Focus will be on more new verticals/
Distribution business / Merchant Banking/ Algo. This might impact margin in short term but in longer term margin will grow.

The company Expects more growth from subsidiaries in the coming years. Fund Generated from right issue and warrants will be used to expand different verticals and MTF (Margin Trading Facility).”

Share India Securities Limited is one of India’s leading tech based financial service provider. The company Leverages on the artificial intelligence and algorithmic trading and offers customized capital market solutions to its clients. SISL has ~3% market share in cash market, ~3% market share in futures and ~8% market share in options on basis of turnover. SISL via its subsidiaries is also present in NBFC business, insurance broking, merchant banking, portfolio management and mutual funds distribution. SISL is powered with 1,500 employees, has been in operations since last 27 years & has a nationwide reach with its 729+ AP/branches present across 18 major States of India.

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